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The Irish Times Business Person of the Month: Cathal Fay, Yuno Group

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Irish energy supplier reported strong trading results in November, following closely on the heels of what it described as a ‘transformational’ acquisition in Northern Ireland

Cathal Fay, the founder of energy supplier Yuno Group, has been chosen as Business Person of the Month for November, an award run in association withposted a 23 per cent increase in sales for last year as it passed on wholesale energy price increases to households and entered the pay-as-you-go market with a new brand,

This marked its first move across the border. According to a statement, Firmus Energy is the biggest natural gas supplier in the North, with 113,000 homes and businesses on its books.Shed Distillery founder Pat Rigney: ‘We’re very focused on a premium position but also on giving value for money to consumers’

Commenting on the Northern Ireland acquisition, Mr Fay dubbed it as “transformational”, saying it boosted customer numbers by one third and opened new growth opportunities. “We believe we can add real value to Firmus Energy’s strong platform, and that the transaction will greatly strengthen our overall business,” he said.

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